Dealer Digest – IRS to zero in on pass-through entities

Description

Abstract: In this issue, “Dealer Digest” notes that the IRS plans to devote more resources to auditing pass-through entities, which include S corporations, partnerships and limited liability companies (LLCs). It also explains that most dealerships won’t qualify for Affordable Care Act small-business tax credits or be able to reap their maximum benefits, and warns that manufacturers might be unable to ramp up their production capacity to meet the anticipated higher demand.